Now Even Paul Krugman Is Slamming Fox Biz

Laggard business news network
Fox Biz has become something of a piñata, and we see that even a
nobel prize winner isn't above taking a few whacks.

Krugman: James Wolcott is made of sterner stuff than I am: he
actually has the fortitude to
watch Fox Business, where the talking heads manage to find
nothing but clouds in the silver lining of a huge stock rally. To
make their point they bring on such market experts as … John
Bolton. As Wolcott writes, “It takes more than a market rally to
pull the wool over Bolton’s mustache.” (Now that’s writing!)

He goes on to note, correctly, that the network isn't any more
pro-business than CNBC, or pro free-markets, it's just more
pro-Republican, like it's older, more successful sibling Fox
News. And he points out, that while Republicans think that
Republicanism is good for business and stocks, there just isn't
any evidence for that (we agree).

That being said, we wonder what the desire to bash Fox Biz is all
about?

Actually, the answer is that it gives haters of Fox News a tiny
little morsel of comfort that the Ailes-Murdoch media empire is
failing somewhere. After all, as
John Hempton reminded us this week, the right-leaning cable
news net is a behemoth of staggering proportions.